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Search Results 0 to 49 of about 457 (some duplicates have been removed)
in recent history? and if things are so bad why haven't the british like say the people of greece or spain taken to the streets? to discuss this i'm joined by ian beg who is a research fellow at the london school of economics. so professor beg, we hear talk this being the worst recession since the second world war. is it? >> it's been a long recession and it's very slow to see any kind of recovery. but it's also worth remembering statistically although being one of the worst in the last century, we actually today are as well off as in 2006. we've only gone back by a few steps. >> is it simply a case that it feels like the worst recession that anyone can remember? >> it's the fact that it hasn't gone to a recovery phase. tore used to in a recession have a deep downturn followed bay quite rapid recovery. it takes longer to readdress individual positions in their debt. and that means that it lasts much longer than everybody expects because everybody tries to save. >> so if things aren't very bleak across europe, why is it that in some countries as in greece and in spain we've seen the protest
so i'm glad you're here tonight. so after it came out in spain, and spanish at university of valencia, nauseous come out october 1st year in the state. and it changes the bunches of. a lot of the stuff i changed was john's idea. he said he was absolutely right. he said the ship to hear you don't think understand and he also made some wonderful suggestions. so we took a chapter out and instead put in an afterword, what it was like to get out of the diplomatic service and go to rutgers university where it been every since as a professor in the very late 60s, early 70s. i went there in 69 and i'm still there. i was supposed to go to vietnam as a u.s. cultural attachÉ in spain and by this time i thought the worst these idea and i'll say three little children i wasn't going to be in a non-gory work i didn't believe in, so i left the service. the four years before that bernstein. there's probably two stories they want to focus on this evening. one is about the day i spent along with martin as their king and richard of all places and the other run is about one of the really terrible events
of our top stories from 2012. spain -- wide business is booming. armenia -- why chess is compulsory in schools. and ireland -- why deserters had to wait decades to be pardoned. eu leaders met to discuss how much solidarity they were prepared to show with the weakest members of the eurozone. in the end, the you chose not to abandon them, but greece continues to have to make drastic cuts, leaving marks that are visible throughout the country, including a long one of the world's most famous routes -- along one of the world's most famous routes. ♪ >> at precisely 42,195 meters long, this is the route that has become the standard for all marathon runners. the course was inspired by a 2500-year old myth, only today it is run on asphalt along with the capital's main roads. this is the bay where it said the lenda battle took place in 490 bc. it marked the first greek victory over the persians. according to legend, the athenian warriors gathered in a phalanx formation and managed to fight off a persian invasion. then a messenger ran the 42- kilometer distance to athens with news of the vic
of pigsticking making headlines in spain. property rises in germany are leaving some without a home. and mistaken identities in poland's presidential plane crash. there's something rather medieval in the idea of a sport where men on horseback chase while boris with spears. it is an archaic sport, once hugely popular in spain. then it was banned, but now it is making a comeback. this traditional hunting method is being legalized by a number of regions. even the spanish environment ministry is backing the move, hoping to see a rise in takings in national parks as a result of people buying hunting permits, but animal rights activists are far from happy, calling the horseback hunting savage. >> this is a story from spain about wild boars and a controversial method of hunting them. but it is also a story about a country in crisis and how one is sacrificed for the good of the other. this is a member of the old gentry. hunting has been in his family's blood for generations. he is helping revive the tradition of hunting wild boar on horseback with spears. the sport, known as pigsticking, was long banned,
is a spanish instrument and the lyrics are from spain and the type of song is indigenous and the type of percussion can is african. >> (inaudible). >> yeah, you could hear in the music. it has that pitch and that sadness to it. >> (inaudible). >> okay. so can you play the first song? we will show you a little bit and then you guys can come up and dance. (music)
, and luring russians to sunny spain. there is a real temperature contrast for us in europe. in the east, it is bitterly cold. in the west, it is milder. we're seeing a talk temperatures of around 11 or 12. the air is trying to push east on monday. we will see things turned slightly warmer. there is an intense area of what weather. it is piling up over the u.k.. that is why we have the flood warnings. you can see more clouds trying to make its way across europe. as the rain makes its way into the cold air, it is turning more wintry. we will see it turned to snow. behind it is where the milder air is. towards the northwest, the rain continues. for the u.k., it will still be very what -- it will still be very soggy. we're looking in the top temperature of around 19 degrees. there is likely to be more in the wake of clouds. there could be showers across libya and parts of egypt. green festival, only on link tv. >> welcome back. police in india have used water cannons to disperse crowds in new delhi. people have been on the streets for six days voicing anger over the gang rape of a young wom
a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the economy is stronger than it used to be. more on that next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp o
small to view. i think what really bothers me is spain which i think clearly bothers the whole market. the question, a growth going to fall off a cliff or whether it muddle through and a bailout will be sufficient. as you say, we don't know the answer to that question. that remains the tail risk. until we do get close to a resolution, i'm not going to turn massively bullish. >> what's your view on that? >> i think i go along very much with what he's saying. >> what is your view on what happens to spanish growth? >> i think spain has a lot of problems at the moment. it's not seeing a lot in the domestic market. not seeing it move toward an export. in which case spanish growth is going to be very, very weak for some time to come. >> all right. good to see you. thanks very much. alan will stick around. time to bring you today's global markets report. let's go to asia for the update. >> that upbeat pmi data failed to lift greater china markets. there is pessimism over general lack of policy and also fears that over 800 companies lining up for ipos could further drain liquidity out of the
economies like spain -- >> good or bad surprise? >> no, a good surprise. whereas economies like spain, greece, portugal are likely to stay in recession for the whole year, i would argue there's a high probability that italy will come out of recession towards the end of the second quarter. >> and that seems to be the real concern that is in the market today, whether the political upheaval, even the campaigning by berlusconi could undo some of that progress. >> i think the key point is will the reform programs that have been initiated by the monte government, will they stay intact? i think there's a reasonable chance, they've had a more than reasonable chance that that is the case. yes, it's not surprising, we have the sell off today. it's inest knowledge that as the campaigning builds up, investors will be nervous.. the move by investors back into italian bonds over the next few months, we could see some exits. but i think if we get a sensible election results, and i think we probably will, then the reform program will be intact and the new government will stick to the budget that is g
ftse up 9 out of the last 11. we have seen yields continue to decline in spain. just 5.23%, but still capped. spain requesting financial assistance. we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen moving away from the 7 1/2 month high. rebounding against the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise because it's pretty much all priced in. sterling-dollar also getting a benefit. back over 1.61. so that's where we stand in european trade. let's recap the asian trading session for the first time today, when you not the last. >> thank you, ross.not the last. >> thank you, ross. shanghai composite recovered from its four year low as property financials, rebounded. shale gas and geothermal plays also rallied as beijing plans to cut its annual coal consum
for the holidays. >>> across spain thursday, coordinated demonstrations were head in dozens of cities to protest cuts in education. it's part of austerity measures aimed at lifting the country out of diet dep. spain's recession is hurting the theater business, too, but as mark phillips reports, one owner found a way to sell tickets. >> reporter: other places, theatrical productions may be about drama and song. in spain right now, though, they're also about vegetables, specifically -- >> carrots. carrots. >> reporter: carrots. the humble root which may determine whether kym marsh's theater in the town near barcelona lives or dies and a lot of others too. why? because the spanish government has recently just about tripled the sales tax on theater tickets and kym fears that no one would ever fill these seats, until he made a discovery whiles out shopping. the tax on carrots is 4%. >> 4%, yes. >> reporter: the tax on theater tickets -- >> 21%. >> reporter: 21%. kym marsh did the math. food for the body, 4% tax. food for the soul, 21%. there had to be a way to bridge the gap. there was. kym doesn't s
with almost 12% of people out of work. crisis hit greece and spain edged with a quarter of the people jobless. in austria and germany, the unemployment rate is about 5%. it has been 164 days since julian assange seeked silence in ecuador. he is wanted for questioning in sweden over allegations of sexual assault, but the price tag has cost the taxpayer over $3 million. >> he is the man that shot to fame for selling state secrets when he website released confidential american cables. in 2010, to swedish women accused him of sex crimes. faced with extradition, he fled to the embassy saying the swedish authorities did not guaranteed not to send them to the u.s.. to promote a new book he has written, he speaks out. >> the swedish government refuses to behave in a way that is at all normal, rational, were reasonable. that is why i have been granted political asylum. >> they say he must face questioning. they are outside the embassy 24 hours a day, waiting to arrest him the moment he walked out. it has cost 21 million pounds and counting. he is reported to be eating a lot of take away food, running
and potentially dangerous. talking about the snow, look at spain. cold air spilling across the north. in spain, that cold air mixed with a little bit of precipitation is ending up looking like this. i want to show you a video actually coming out of this area where the snowfall has been coming down and winter has reached spain as temperatures continue to plunge. the country has issued snow alerts in 16 cities where the snow has forced local authorities to close many roads. fortunately, the snow is not always a negative impact, though. here in sierra nevada, granada, the people are getting out there and enjoying it as the winter sports resort opened up here. so good news, not everybody is looking down on this in a negative aspect. many people are getting out there and at least enjoying it. but as far as temperatures, all that cold air coming down, things are cooling off here in london and paris. but overnight temperatures around zero and the highs only at 5 on your saturday. now here's a look at your extended forecast. ♪ >>> we'll be back with more updates in 30 minutes. i'm gene otani in toky
, in spain, a developing conflict over medical workers. they're taking to the streets to protest budgets cuts and plans to privatize hospitals in spain. thousands of demonstrators marched through madrid. critics say it would dismental spain's healthcare system but the government says cuts are necessary to secure health services during the recession. >>> the countdown continues. at this point there's just over three weeks until our nation potentially tumbles over what we call the fiscal cliff. john boehner says there's been no real progress in the negotiations between the white house and lawmakers on capitol hill. now he's accusing president obama of dragging his feet as the deadline looms. is more of the same in store for the week ahead? joining us, managing edit for of the hill. >> good morning. >> we talk about this happening and going over the cliff. speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are bas
a memoriam for man we will spain rod drying guess and he was one of the district's most colorful andby loved artist and is with robert crumb influenced generations of cartoonists and not only in the mission but throughout the city and born in new york to an italian artist mother mr. rod drying guess dropped his first name in favor of spain passionate about his latino heritage created murals with crumb in the late 1960's and 70s, in in addition, to zap economics his works include biographygraphy and dark hotel online graphic novellings, spain was working on a graphic story for the 2004 san francisco hotel workers strike, so, we would like to ask that we adjourn the meeting today in his memory. i also have another item as you know as a city, we have been working with other cities to deal with the issue of homelessness within our veteran population. we have been involved with the hundred days campaign to house veterans in 2012. president obama established a goal to end veteran's homelessness by 2015 which i think is doable and the department of housing and urban development came together to
's largely green behind me. the fits fits mib is atting .6%. the ibex in spain, up 0.8%. and the ftse up about 0.3%. now, some company-specific news this morning, fin mechanica saying shares up 2.4%. this on news they're set to buy sge-avio. safran is also a company considering that change. let's take a quick look at the bond space. we'll get a sense of the kind of trade we're seeing shaping up. it is consistent with flows into the periphery, perhaps out of the core and the risk on move generally that we're seeing this morning. yields up to 4.5 roughly in italy at about 5.4%, respectively. gilt is moving up towards is.9% this morning. the bund yield is still extremely low, so that spread between gilt and bund is widening. look at the euro/dollar. 1 1.3171. extraordinary. we're almost up at that 1.32 level. the dollar/yen is flat, right about 83.88. there we go. a little bit of movement there. the aussie lsh dollar is weaker. the aussie/dollar has been weakening. maybe the researchers of the yen not doing too much to spur sentiment. in any case, let's get the latest out of singapore. >> g
in the harder hit regions. ftse mib, spain up better than 1%. consistent with the rally we saw yesterday. remarkable. the xetra dax adding .1%. for its part, up to close to 30% this year. the ftse 100 adding .3. the bond space, we'll look at that and talk later about the big trades that have helped some hedge funds, for example, when it comes to greek debt. for the time being, mario's comments this summer is have techively kept the bond gleelds a tight range since then six months or so now, this is going. and differentiation across the space where italy price rising, not the case for spain which is seeing its yield up to 5.3. and i know we haven't mentioned this in a while, but i want to draw your attention here. the ten-year gild in the u.k., 1.957%. extraordinary. we're not off the 2% market in the spread, widening significantly. coming up on the program today, the count is set to get underway in south korea following general elections. we'll head to seoul to find out whether the country could elect its first female leader. >>> the bank of england releases minutes from its latest polic
time of year. ♪ nice sweater. thank you. >>> spain is in a financial crisis. the economy in recession, the government in debt, unemployment at 26%. it's a crisis that was threatening to put theaters out of business. but as mark phillips found, one theater owner got an ingenious idea straight out of bugs bunny. >> reporter: in other places, theatrical production may be about drama and song. in spain right now, though, they are also about vegetables. specifically -- >> carrots. >> reporter: -- carrots, the humble root which may determine whether quim marce's theater in the town of bescano, north of barcelona, lives or dies, and a lot of others, too. why? because the spanish government has recently just about tripled the sales tax on theater tickets. and quim feared that no one would ever fill these seats, until he made a discovery while out shopping. the tax on carrots is 4%. the tax on theater tickets, 21%. quim marce did the math. food for the body, 4% tax. food for the soul, 21%. there had to be a way to bridge the gap. there was. quim doesn't sell tickets now. he sells carrots, expe
bond denominated in the strongest currency in the world, the euro, paying 5.5%? i'll take spain over the united states at this point any day. >> all right. >> so don't agree at all. do not agree at all. look, retail sales in spain are down 9.7% year-over-year. they're seeing the biggest bank run in spain the globe has seen since the great depression. youth unemployment in spain is 55%. there is not a good reason to own spanish bonds here. [ overlapping speakers ] >> last time we were on together you were saying the world was going to end because greece was going to default and leave the euro. it's all over. europe's fine. just give it a break. that was last year's story. [ overlapping speakers ] >> europe is not fine. spain is in significantly worse position. they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not
a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about
model in spain. >> first of all, warren buffett, there again i think the contradictory as of all of this is at play. on the one hand, yes, there have always been people like him on the side of the wealthy, the big corporations, who have a clear understanding that at a certain point it becomes dangerous to keep going in that direction. you cannot keep having a smaller and smaller number of people doing really well in a sea of people that are having a harder and harder time. pushing, but don't kill the goose that lays the golden egg in the end. so there are always voices like that. not the only one. there are a whole bunch of people like that to see that and to have the courage or the comfort or the security to say it. remember also, the same warren buffett he says that is a major owner of the moody's corporation , and the moody's corporation was a central player in providing aaa ratings for securities we now know were worthless, are worthless, fraudulent, and someone. and so, you know, he is as he would himself admit a part of the system and therefore draw and to many of the activ
from spain, some of them with the spanish royal armies; other irish influx arrived from the u.s. for the construction of railroads used to transport sugar cane to the sugar plantations. that was at the end of the 19th century. and then at the beginning of the 20th century, we're talking 1902, 1910, before odono that i mentioned before, this man who gave his name to -- he was very proud of this lighthouse. the cubans offer hospitality to general alexander alejandro o'reilly. he rose through the ranks of the spanish army. the spanish sent alexander o'reilly to cuba to form a militia. he was appointed governor of louisiana and head of the army later on. he arrived in august, 1769, and took formal possession of louisiana for spain. think of new orleans and cuba, in particular havana, governors there were also in cuba so there was all this traveling from one city to another because later when i got my ph.d. from tulaine university and i went to the irish channel. it's interesting, the irish history connected with new orleans. so the o'reilly family has been in louisiana for centuri
concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank you so much for coming by. >>> staying at the eurozone, investors will be watching for anything coming from the italian crisis. the results of the spanish bond actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should trust. so no dividends, jobs may go and the sale of celiamerica being looked at. the cfo says there's a handful of interested parties in that particular party of the
for into religious and intercultural dialogue. the three founding nations -- saudi arabia, spain, and austria -- were represented by their foreign ministers. among the 600 guests was the united nations secretary- general. the saudi government provided some 15 million euros in funding for the dialogue center for the first three years. >> we are most grateful to his majesty for his farsighted decision to launch this important and timely initiative. austria is greatly honored at the center is established. >> a outside the palace, greens and liberal muslim protesters point out that even as saudi arabia promotes religious dialogue in vienna, and to commit human rights abuses at home. >> it is a shame and a disgrace for austria and spain to have provided the saudis a center like this as a platform for their views in europe and all the world. >> the center is headquartered in this palace in vienna. representatives of all the world religions are invited to come here and engage in constructive dialogue. critics are predicting endless rounds of unproductive chatter and worry that saudi arabia could indeed use
in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>>> "nightline" continues fro new york city with juju chang. p >> yo>> you know >> you king kong's girlfriend. ap and naomi watrand naomi reaching new heights in hollywood with a career built on gutsy performances. her latest movie conjures up the epic title waive, but for one family on vacation, the tsunami of 2004 was a test of survival and the fierce determination of a mother's love. abc's bob woodruff talked to naomi watts for tonight's "nightline" interview. >> reporter: it started out as an idyllic vacation for a young family on the west coast of thailand, a mother and father played by naomi watts and ewan mcgregor and their three young sons. but the holiday soon turns to a living he
not do the siesta -- the nap after lunch, and that is a ritual that was important in spain back then, and it still is today. >> the cattle trader from spain gets up early in the morning and does not come home again until late. between 2:00 and 4:00 p.m., he takes an afternoon nap, a siesta. >> i need these one-and-a-half hours after lunch. if i do not sleep, i do not feel well. then i do not enjoy work, and i am just not myself. >> the long spanish siesta still exists, even in bustling major cities. many businesses still shut at 1:30 in the afternoon and open again at 5:00 p.m. carlows also uses that break for a nap, for now at least. -- carlos. >> i think soon we will have to stay open after lunch. this is a tourist area. we have to stay open because it is customer friendly even though a lot of people are against it. but business is business. >> to make sure tourists in particular are not faced with shuttered doors, the spanish government has changed laws regarding business hours. it wants visitors to the crisis- ridden country to have more time to spend money -- 90 hours a week ins
in spain. in keeping the peace, how far should the police be able to go? that is a question that has been raised after some people have been left severely injured. country,in's basque police officers train with a new weapon. they will use it at demonstrations when things turn violent. the weapons afire these, the rounded tip of which is made of a heart from. they can be fired accurately at a distance of up to 50 meetings. in this region, they will have a weapon which fires these rubber balls. the new weapons can be fired directly at the troubled maker but the rubber bullets are first fired at the ground. the idea is that they will bounce up towards their intended target. the police will stop using this weapon after a rubber ball hit a man back in april and he later died. more questions follow the case, this woman who is blind in one eye. she was hit at a demonstration in barcelona last month. >> i knew straight away that he was really serious. i knew that my i was missing. i really don't understand that. you can demonstrate for your rights, the police charge that you like you are at a sta
rigidly optimistic. >> >> columbine, virginia tech. >> celebrations in spain and commiseration. what it is like to be the only lottery loser in the village. >> welcome to the world's weather. across south america and you can see some very big showers going up to paraguay and into bolivia and also peru. we would like to see heavy rain during the course of sunday. the main concentration remained in northwestern part of brazil going toward ecuador. as you come southward of argentina, it is one are to showers likely. we might see some rain pushing up from the southwest during the latter part of the day. highs in santiago a route 29 degrees. in the caribbean is looking like a fine picture. we should see some showers coming into the northern coast. elsewhere in we've got scattered showers. further north is looking fine was sunny weather and highs of 23 degrees. in north america, at temperatures around 32 degrees. we have to weather systems moving in. this should make some really we go to our top stories. egyptians have less than two hours for the second and final round on a referendum on t
're the teammate. you should be ther >> it is an annual tradition in spain a lottery at christmas time. we're going to tell you why the jackpot in the game makes the power ball so weak. >> it is realry a huge lottery in spain. there were multiple winners. most of the winners near madrid. >> the pay-off is around half a million dollars. a man bought 10 of those tick. and guess what they are $5 million richer. the country takes a have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealersh? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier toto get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and ir first month's payment on any n new volkswagen. visit vwdeal.com today. >> head over to our website, wjla.com, some very cool pictures of know flakes. you're p
the spectacle of that. >> new year's in spain, it also has an interesting tradition. it involves grapes only because the grapes sitting right here. tell me about this. >> yes, all people in spain on the strike of midnight do the following, a great spanish tradition. what they do is, they will start with one grape on the stroke of midnight and for every single minute, every second until the next minute have another grape. i thought we should try it and see how it goes. usually people in spain don't necessarily eat all the grapes, but we can try and, again, it's called the old knight and in the squares of madrid, they'll have the huge clocks chiming and the people in the square all together will do it collectively. so, as we hear the first chime, let's try it. >> do we have chimes? >> we have chimes. >> i'm going to choke if i eat more than one. worse yet, you can't kiss. how do they kiss? you can't answer because you're eating these grapes. you do this well, i think you went to spain at least once for new year's eve. >> she did much better than me. >> i dropped one. >> i have 11 sitting here.
Search Results 0 to 49 of about 457 (some duplicates have been removed)